DPP Tobiko orders prosecution of suspects in NYS funds loss

Monday February 15 2016

Director of Public Prosecutions Keriako Tobiko. Mr Tobiko has ordered that suspects be charged with alleged loss of money in NYS. PHOTO | PAUL WAWERU | NATION MEDIA GROUP

In Summary

On September 25 last year, DPP Keriako Tobiko directed Criminal Investigations officers to carry out further investigations into possible money laundering of the Sh791 million allegedly stolen from the NYS.

On September 25 last year, DPP Keriako Tobiko directed Department of Criminal Investigations officers to carry out further investigations into possible money laundering involving the Sh791 million allegedly stolen from the NYS.

“On January 21, 2016, the Banking Fraud Investigations Unit submitted the inquiry file on the said investigations to the DPP,” said a statement from the DPP’s office.

“Having perused the resubmitted inquiry file, the DPP is satisfied that the evidence establishes the offence of money laundering contrary to Section 3 and 4 of the Proceeds of Crime and Money Laundering Act….the DPP has therefore directed that the suspects be charged accordingly,” added the statement sent to newsrooms on Monday.